LA is the second hardest city to get by in
Omar omar's photo of LA's Main Street used through a Creative Commons license
Well fellow strugglers, we are a hair’s breadth from being declared the US city where it is “hardest to get by” according to Forbes‘ calculations. Ignominiously edged out by Providence (Providence?! Really?), we can still take some measure of pride in our position at the vanguard of economic collapse. Go team!
“To determine which of the 50 largest U.S. metropolitan statistical areas . . . squeeze residents most, [Forbes] measured cost of living, unemployment rate and median income in each.” LA, unsurprisingly, did okay on median income ($56,680) but pretty crappy on cost of living index (48 points above national average) and unemployment (10.2%).
Numbers three, four and five on the list were Riverside, California; Tampa, Florida; and Buffalo, New York.
Sing it along with me: “It’s a hard world to get a break in. All the good things have been taken…”
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Things just got worse – the LA Times reported> earlier today that the number of jobless people in LA went up to 11.4%, 0.2% more than the statewide average. Ouch.
I was going to mention what Queequeg did above about the recent increase in the unemployment rate. You have to figure it’s even higher as these numbers are based on claims filed with the state (I think!).
[...] one’s professional field. As we know, California and the Los Angeles are are experiencing high unemployment. Southeast Florida is the home of many corporations. Banking and real estate businesses are [...]